NGE Capital Ltd (AU:NGE)
ASX:NGE
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NGE Capital Ltd
(Sydney:NGE)
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Rating:68Neutral
Price Target:
AU$1.50
▲(20.00% Upside)
Action:ReiteratedDate:02/27/26
The score is primarily supported by a very strong, low-leverage balance sheet and an attractive low P/E valuation. Offsetting this, financial results have been inconsistent (sharp 2025 revenue decline and volatile cash flows), and technical signals are neutral with slightly negative momentum.
Positive Factors
Balance sheet strength
Very low leverage and effectively zero debt provide durable financial flexibility. With equity and assets grown over time and ROE strong in 2025 (~20%), the company can withstand downturns, fund opportunistic investments or returns to shareholders without relying on external financing.
Negative Factors
Revenue volatility and decline
A sharp ~67% revenue drop in 2025 and historically volatile top-line reduce predictability of earnings and cash flow. Sustained revenue instability undermines planning, makes sustaining margins harder, and raises execution risk for strategic initiatives over coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low leverage and effectively zero debt provide durable financial flexibility. With equity and assets grown over time and ROE strong in 2025 (~20%), the company can withstand downturns, fund opportunistic investments or returns to shareholders without relying on external financing.
Read all positive factors
NGE Capital Ltd (NGE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)10.11K
Price to Earnings (P/E)3.6
Beta (1Y)0.54
Revenue Growth-27.08%
EPS Growth-55.70%
CountryAU
Employees9
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.21
Shares Outstanding34,303,223
10 Day Avg. Volume4,056
30 Day Avg. Volume10,107
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.73
Price to Sales (P/S)46.67
P/FCF Ratio16.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NGE Capital Ltd Business Overview & Revenue Model
Company Description
NGE Capital Ltd (NGE) is an Australia-based investment company that primarily focuses on generating long-term capital growth and income for its shareholders. The company invests in a diversified portfolio of listed and unlisted securities, includi...
How the Company Makes Money
NGE Capital Ltd generates revenue primarily through capital appreciation and income from its investment portfolio. The company makes money by investing in a range of financial instruments, such as stocks, bonds, and alternative assets, and seeks t...
NGE Capital Ltd Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 933.00K | 3.13M | 4.18M | 741.00K | 693.00K |
| Gross Profit | 876.00K | 3.13M | 4.18M | 699.00K | 637.00K |
| EBITDA | 11.07M | 2.15M | 2.57M | -1.84M | 6.95M |
| Net Income | 12.02M | 4.84M | 8.89M | -1.91M | 7.34M |
Balance Sheet | |||||
| Total Assets | 61.30M | 49.67M | 45.45M | 35.96M | 38.46M |
| Cash, Cash Equivalents and Short-Term Investments | 7.35M | 46.29M | 34.06M | 12.18M | 13.44M |
| Total Debt | 0.00 | 0.00 | 0.00 | 25.00K | 67.00K |
| Total Liabilities | 1.46M | 678.00K | 890.00K | 166.00K | 694.00K |
| Stockholders Equity | 59.84M | 48.99M | 44.56M | 35.79M | 37.76M |
Cash Flow | |||||
| Free Cash Flow | 2.69M | 2.04M | -7.96M | -1.87M | 3.60M |
| Operating Cash Flow | 2.69M | 2.04M | -7.96M | -1.87M | 3.60M |
| Investing Cash Flow | -4.00K | 0.00 | 0.00 | -2.00K | -3.00K |
| Financing Cash Flow | -1.16M | -417.00K | -155.00K | -97.00K | -722.00K |
NGE Capital Ltd Technical Analysis
Positive
1.25
Price Trends
1.36
Negative
1.33
Positive
1.27
Positive
Market Momentum
>-0.01
Negative
52.85
Neutral
76.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NGE, the sentiment is Positive. The current price of 1.25 is below the 20-day moving average (MA) of 1.33, below the 50-day MA of 1.36, and below the 200-day MA of 1.27, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.85 is Neutral, neither overbought nor oversold. The STOCH value of 76.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NGE.
NGE Capital Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$60.75M | 2.97 | 35.99% | 6.39% | 22.67% | 19.47% | |
68 Neutral | ― | 3.62 | 21.40% | ― | -27.08% | -55.70% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | AU$55.07M | 19.67 | 3.43% | 6.89% | 30.36% | -31.47% | |
54 Neutral | AU$26.98M | 38.35 | 1.46% | 2.94% | 38.32% | ― | |
53 Neutral | AU$27.20M | 46.88 | 4.11% | 2.03% | 18.17% | ― |
* Financial Sector Average
AU:NGE
NGE Capital Ltd
1.36
0.29
27.83%
AU:LCE
London City Equities Ltd
0.85
0.01
1.19%
AU:CIW
Clime Investment Management Ltd
0.33
>-0.01
-0.90%
AU:MAM
Microequities Asset Management Group Ltd.
0.47
0.01
2.42%
AU:SB2
Salter Brothers Emerging Companies Ltd.
0.66
-0.04
-5.35%
NGE Capital Ltd Corporate Events
NGE Capital Retains Key Buy-Back Terms as It Switches Broker
Feb 26, 2026
NGE Capital Limited has confirmed there are no changes to its existing on-market share buy-back program, which allows the company to repurchase up to 10% of its issued ordinary shares, or 3,430,322 shares, over a 12-month period to 29 August 2026....
NGE Capital Lifts NTA in January and Realises Profits on Key Holdings
Feb 3, 2026
NGE Capital reported a solid uplift in its net tangible assets (NTA) over January 2026, with pre‑tax NTA per share rising to $1.710 from $1.618 in December and post‑tax NTA per share increasing to $1.822 from $1.742, implying a market ...
NGE Capital Lifts NTA and Refines Portfolio with Strategic Moves in December
Jan 6, 2026
NGE Capital reported a solid uplift in performance for December 2025, with pre-tax NTA per share rising to $1.618 from $1.581 in November and delivering a 25.7% return year-to-date and over the last 12 months, translating to a market capitalisatio...
NGE Capital Reports NTA Update and Strategic Portfolio Adjustments
Dec 2, 2025
NGE Capital Limited has reported its latest investment and NTA update, highlighting a decrease in NTA per share both before and after tax as of November 2025. The company has made notable portfolio changes, including trimming holdings in Cash Conv...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.